North Survey: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
North Survey
Largest movements
- Cash +€21,371
up €21,371 (+129%), from €16,543 to €37,914
mainly Net result for the year (+€14,678) and Depreciation (+€5,664)
- Tangible fixed assets -€5,664
down €5,664 (-37.9%), from €14,931 to €9,268
- Profit (loss) carried forward +€14,678
up €14,678 (+68.7%), from €21,358 to €36,037
- Tax, wage and social debts +€5,396
up €5,396 (+587%), from €920 to €6,316
- Debts after one year -€4,863
down €4,863 (-92.1%), from €5,278 to €415
- Gross operating margin +€24,962
up €24,962, from -€728 to €24,234
- Taxes +€3,333
new in 2025: €3,333
- Depreciation +€772
up €772 (+15.8%), from €4,891 to €5,664
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,532 | €52,960 | +€15,428 | +41.1% |
| Fixed assets | 21/28 | €14,931 | €9,268 | -€5,664 | -37.9% |
| Tangible fixed assets | 22/27 | €14,931 | €9,268 | -€5,664 | -37.9% |
| Plant, machinery and equipment | 23 | €14,931 | €9,268 | -€5,664 | -37.9% |
| Current assets | 29/58 | €22,601 | €43,692 | +€21,092 | +93.3% |
| Amounts receivable within one year | 40/41 | €6,057 | €5,778 | -€279 | -4.6% |
| Trade receivables | 40 | €3,557 | €3,278 | -€279 | -7.8% |
| Other amounts receivable | 41 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €16,543 | €37,914 | +€21,371 | +129% |
| Total equity and liabilities | 10/49 | €37,532 | €52,960 | +€15,428 | +41.1% |
| Equity | 10/15 | €26,358 | €41,037 | +€14,678 | +55.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,358 | €36,037 | +€14,678 | +68.7% |
| Amounts payable | 17/49 | €11,174 | €11,924 | +€750 | +6.7% |
| Amounts payable after more than one year | 17 | €5,278 | €415 | -€4,863 | -92.1% |
| Financial debts | 170/4 | €5,278 | €415 | -€4,863 | -92.1% |
| Amounts payable within one year | 42/48 | €5,896 | €11,509 | +€5,613 | +95.2% |
| Current portion of amounts payable after more than one year | 42 | €4,646 | €4,863 | +€217 | +4.7% |
| Trade debts | 44 | €330 | €330 | = | 0.0% |
| Suppliers | 440/4 | €330 | €330 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €920 | €6,316 | +€5,396 | +587% |
| Taxes | 450/3 | €920 | €6,316 | +€5,396 | +587% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,891 | €5,664 | +€772 | +15.8% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | -€728 | €24,234 | +€24,962 | |
| Operating profit (loss) | 9901 | -€5,681 | €18,508 | +€24,189 | |
| Financial charges | 65/66B | €622 | €497 | -€125 | -20.1% |
| Recurring financial charges | 65 | €622 | €497 | -€125 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | -€6,303 | €18,011 | +€24,314 | |
| Income taxes | 67/77 | - | €3,333 | +€3,333 | |
| Profit (loss) for the period | 9904 | -€6,303 | €14,678 | +€20,981 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,303 | €14,678 | +€20,981 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.